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REGISTERED NUMBER: 03159974 (England and Wales)









MICKY SHARPZ SUPPLIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






MICKY SHARPZ SUPPLIES LIMITED (REGISTERED NUMBER: 03159974)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MICKY SHARPZ SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr P Rennie





REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG





BUSINESS ADDRESS: Office 5A Safestore
Birchley Roundabout
Birchfield Lane
Oldbury
B69 1DT





REGISTERED NUMBER: 03159974 (England and Wales)





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

MICKY SHARPZ SUPPLIES LIMITED (REGISTERED NUMBER: 03159974)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,101 14,502

CURRENT ASSETS
Stocks 21,500 48,270
Debtors 5 7,349 6,188
Cash at bank 16,261 45,048
45,110 99,506
CREDITORS
Amounts falling due within one year 6 11,802 14,254
NET CURRENT ASSETS 33,308 85,252
TOTAL ASSETS LESS CURRENT LIABILITIES 46,409 99,754

CREDITORS
Amounts falling due after more than one year 7 17,552 23,582
NET ASSETS 28,857 76,172

CAPITAL AND RESERVES
Called up share capital 9 490 490
Capital redemption reserve 510 510
Retained earnings 27,857 75,172
SHAREHOLDERS' FUNDS 28,857 76,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:




Mr P Rennie - Director


MICKY SHARPZ SUPPLIES LIMITED (REGISTERED NUMBER: 03159974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Micky Sharpz Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

MICKY SHARPZ SUPPLIES LIMITED (REGISTERED NUMBER: 03159974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 7,351 35,048 20,478 62,877
Disposals - - (5,978 ) (5,978 )
At 30 June 2023 7,351 35,048 14,500 56,899
DEPRECIATION
At 1 July 2022 7,350 35,048 5,977 48,375
Charge for year - - 1,400 1,400
Eliminated on disposal - - (5,977 ) (5,977 )
At 30 June 2023 7,350 35,048 1,400 43,798
NET BOOK VALUE
At 30 June 2023 1 - 13,100 13,101
At 30 June 2022 1 - 14,501 14,502

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 14,500
DEPRECIATION
Charge for year 1,400
At 30 June 2023 1,400
NET BOOK VALUE
At 30 June 2023 13,100
At 30 June 2022 14,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,398 1,604
Other debtors 4,951 4,584
7,349 6,188

MICKY SHARPZ SUPPLIES LIMITED (REGISTERED NUMBER: 03159974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,978 4,978
Hire purchase contracts (see note 8) 3,702 3,702
Trade creditors 3,136 3,977
Taxation and social security (14 ) 1,597
11,802 14,254

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,826 13,823
Hire purchase contracts (see note 8) 7,726 9,759
17,552 23,582

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 3,702 3,702
Between one and five years 7,726 9,759
11,428 13,461

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 13,023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
490 Ordinary shares £1 490 490